The picture provided shows EURJPY in a very interesting wedge scenario that we could take advantage of. There could be either of the scenarios playing out which I am ready to take buy or sell order on depending on the reaction of the price:
1. Either the price breaks of the wedge to the downside. I could either place a sell order below the support zone...
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
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Last week saw this pair finally hit some resistance before falling back down into the kumo. This is a sign that we are currently ranging between trends, and while we have some mixed signals we are looking more and more bearish. I am looking for a bearish breakout entry which will hopefully coincide with a bearish kumo twist for added confluence. I've drawn out a...
I believe the trend has reversed and we are now bullish but have hit a resistance point and should retrace where buyers may take a long position again. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D.
My labelled zones are only a rough idea of where i think...
BAsed on yesterday analisys we can add an extra low timeframe confirmations to the already formed daily set up so what we got here in the 2h tiemframe is:
1. 2h channel formed and respected
2. holding right above previosu structure
3. 4th Elliot formation
4.Possible candle formation
Another JPy showing strong bullish momentum where must of them have broken previosu structures and this one aint no exception,we got here soem nice confirmations to think about a possible upside move atleast to the 126.00 if the right criteria is met ,those confirmations are:
1.Double bottom formation (124.00) area
2.3rd daily wave already formed